Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$344,036$344,036$450,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$105,964$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.251%7.640%
1st payment$2,278.23$2,278.23$3,115.71
2nd payment$0.00$706.43$0.00
Taxes / mo$326.50$326.50$326.50
Insurance / mo$166.67$166.67$166.67
MI / mo$161.87$161.87$90.00
HOA / mo$54.00$54.00$54.00
Total monthly$2,987.27$3,693.70$3,752.88
Cash to close$155,964$50,000$50,000